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Young Brothers reports rebound in 2nd-quarter cargo volumes

By Star-Advertiser Staff

POSTED:
LAST UPDATED: 09:29 a.m. HST, Aug 30, 2013



Cargo shipments between Honolulu and six neighbor island ports rebounded in the second quarter of this year after falling in the first quarter, Young Brothers Ltd., reported today.

Shipments rose 4.4 percent during the April-to-June quarter from the same period a year earlier, the company reported in its Young Brothers Quarterly Shipping Report. That following a 3.9 percent drop in the first quarter from the same quarter a year earlier.

"Cargo volumes turned around in the second quarter. We are optimistic for continuing signs of strength from important sectors of the economy, such as the construction industry," said Glenn Hong, Young Brothers' president.

Shipments increased during the second  quarter at all but one neighbor island port. The lone decline was at the Hawaii island port of Kawaihae, which experienced a 1.9 percent drop in volume.

Kahului, Maui, the highest volume neighbor island port, handled 3.6 percent more cargo in the second quarter. Cargo volumes were up 6.7 percent at Hilo Harbor;   7.9 percent at Nawiliwili, Kauai; 10.5 percent at Kaunakakai, Molokai; and 12.2 percent at Kaumalapau, Lanai.






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